Digital Brands Group Implements Reverse Stock Split

The latest update is out from Digital Brands Group ( (DBGI) ).

Digital Brands Group, Inc. announced a 1-for-50 reverse stock split of its common stock, effective December 13, 2024, to regain compliance with Nasdaq’s $1.00 minimum bid price requirement. This strategic move is expected to impact the trading of the company’s stock, as it continues to trade under the symbol ‘DBGI’ with a new CUSIP number.

More about Digital Brands Group

Digital Brands Group, Inc. is a company that offers a wide variety of apparel through numerous brands on both direct-to-consumer and wholesale bases. It focuses on leveraging customer data and purchase history to create personalized targeted content and looks, aiming to own the customer’s ‘closet share.’

YTD Price Performance: -96.88%

Average Trading Volume: 21,974,806

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.96M

For an in-depth examination of DBGI stock, go to TipRanks’ Stock Analysis page.